SoftBank Sold Their Nvidia Stake to Bet on WeWork
Scale and boldness are not substitutes for judgment.
SoftBank held a significant stake in Nvidia in its early days. They sold it to free up capital for other Vision Fund bets — including their massive investment in WeWork. The Nvidia stake alone would have been worth more than the entire Vision Fund's returns. The lesson: conviction in the wrong thing at scale doesn't become wisdom. It becomes a very expensive mistake.
From Episode 457: The Simple Way to Create More Luck, Friends, and Opportunity
Shared by Sheel Mohnot
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